Genesee & Wyoming Inc.’s subsidiary, GWI UK Acquisition Company Limited, has entered into an agreement with a subsidiary of APM Terminals to purchase all of the issued share capital of Pentalver Transport Limited for approximately £87 million (USD110 million), subject to final working capital and other closing adjustments.
Pentalver’s operations are complementary to those of G&W’s Freightliner subsidiary, which is the largest provider of maritime container transportation by rail in the U.K. G&W expects that the Pentalver acquisition will enable G&W to enhance its U.K. services by providing rail and road transportation solutions, as well as offering storage options at the ports and inland, and to unlock efficiencies from shared services and enhanced asset utilization.
Headquartered in Southampton, U.K., Pentalver operates off-dock container terminals (most under long-term lease) strategically placed at each of the four major seaports of Felixstowe, Southampton, London Gateway and Tilbury, as well as an inland terminal located at Cannock, in the U.K. Midlands. Pentalver also operates a trucking haulage service and provides services related to container maintenance and repair.
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